Banking with a Public Benefit -- Kat Taylor

Knowledge at Wharton

Episode Description

Kat Taylor, co-CEO, Beneficial State Bank, discusses how the triple bottom line company enhances economic sustainability in low-income communities. πŸ“‚ ESG;Management

Brief Summary

Kat Taylor discusses Beneficial State Bank's mission to transform banking for low-income communities through social justice and environmental sustainability.

Key points

  • The Power of Banking. Kat Taylor discusses how banks serve as crowdfunding mechanisms for societal change.
  • Redefining Banking. Kat Taylor shares insights on the need to redefine the banking system for good.
  • Expect More from Banks. Kat Taylor emphasizes the need for higher expectations from banking institutions.
  • Commitment to Fair Wages. Kat Taylor explains the bank's commitment to paying employees a living wage.
  • The Power of Collaboration. A philosophy of teamwork leads to better decision-making and outcomes.
  • Harnessing Hidden Genius. The potential of seven billion people can lead to better choices and institutions.

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